Our project on the Basis protocol is about to go live, it is based on the fork of BasisCash . This project is set up for bolder experiments on the model of Basis protocol.
Although the initial OneCash are very similar to BasisCash, with the gradual realization of improvements , OneCash will become the most daring and innovative experimental project for the Basis protocol.
Different
- **One Cash/One Share/One Bond **token
- Canceled the distribution of the initial five staking centralized stablecoin pools
- The deployer will mint 1000 One Cash and 1 One Share as initialization, and pair 200 One Cash and 1 One Share with Dai to start liquidity
- Rebase once every 8 hours
- The upper limit of each rebase is 10%
- The threshold for rebase is 1.02
- One Share max cap is 100000
- 90,000 will be linearly distributed to the One Cash-DAI LP pool within 6 months
- 10,000 will be linearly distributed to the One Share-DAI LP pool within 6 months
- More experimental features will be applied to the OneCash project every week
Start time and Proposal
Start time
- The project will start at Fri, 25 Dec 2020 08:00:00 GMT.
- One Cash-DAI LP stake pool and One Share-DAI LP stake pool will be available at the start time.
- The first rebase will happen at Fri, 26 Dec 2020 08:00:00 GMT.
- Timeclock is set to 1 day.
- All smart contract code is open source.
Proposal under discussion
Improvement Proposal #1
- What stake in boardroom change from One Share to One Share-DAI LP
Improvement Proposal #2
- Which stake in boardroom is locked for a periodof epochs(maybe 1 day)
- Reward which from boardroom is locked for a periodof epochs(maybe 1 day)
Improvement Proposal #3
- The bond has a maximum time limit for redemption, and it will be invalid if it expires.
- The bond must be locked for a period of time before it can be redeemed
Improvement Proposal #4
- Bond set minimum purchase value(maybe 50% cash)
Improvement Proposal #5
- Set the maximum number of bonds to be purchased, increasing according to the duration of deflation
Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE
Looking for more information…
☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Coinmarketcap
Create an Account and Trade Cryptocurrency NOW
☞ Binance
☞ Bittrex
☞ Poloniex
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#cryptocurrency #bitcoin #one cash finance #onc